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Laos Sees Trade Deficit of USD 102 Million in April

Laos posted a trade deficit of 102 million US dollars in April, the first trade shortfall in 2022 following three months of trade surplus. According to the most recent data from the Lao Trade Portal website, the overall value of trade in April was 950 million US dollars, with 424 million US dollars in exports and […]

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Laos Economy Short-changed by Foreign Currency Outflows

Foreign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times reports that Bank of Laos Governor Sonexay Sithphaxay informed the media recently that only 33 percent of the total export value entered the Lao economy through the banking system over the past four months […]

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Bank of Laos Blames Currency Manipulation for Crisis

The Bank of the Lao PDR has called out currency manipulators and blamed the importation of unnecessary luxury items as reasons for the current financial crisis. Governor of the Bank of Lao PDR (BOL), Mr. Sonexay Sitphaxay, said in a press conference yesterday that Covid-19 has had a big impact on international currencies, with a […]

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Laos Sees Over 2,000 Visitors After Full Reopening

Laos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country’s 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime Minister and Head of the National Taskforce for Covid-19 Prevention and Control, inspected the Lao-Thai Friendship Bridge and the airport in Vientiane Capital on Friday, according to Lao National Radio. During his […]

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Laos Economic Recovery Challenged by Debt and Rising Prices

While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the World Bank’s latest economic update. Increasing public debt levels and rising global prices are endangering macroeconomic stability and threatening living standards, according to the Lao PDR Economic Monitor — Restoring Macroeconomic Stability to […]

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